A study released earlier this month by The Economist Intelligence Unit held good news for New York City, which ranked first among 120 global cities based on ability to attract capital, businesses and talent. But the competition is fierce, and is not limited to international megacities like London, Singapore, Hong Kong, and Tokyo.

Human capital is a hot topic. Thriving in the information economy requires a highly skilled workforce with specialized expertise and an ability to innovate. Attracting such a workforce is essential to New York's ability to retain strength in core industries and cultivate emerging ones.

The future econonomic prosperity of the New York City metropolitan area depends on attracting and retaining a highly-educated workforce. In coming years, economic growth will be driven by industries that require highly-skilled workers with specialized knowldge, technical expertise and an ability to innovate.

Mayor Michael Bloomberg is poised to announce which university has been selected to develop an applied science and engineering campus in New York City. The City of New York will provide land and infrastructure investments worth up to $100 million to the winner. Time will tell whether the campus will serve as the catalyst for transforming the New York metropolitan area into the